Next Generation Islamic Economics and Management Sciences Master Scholarship (NextGenIEMS)
Background
Islamic economics, finance, accounting, and management have evolved over the last five decades into a unique academic discipline. As a pioneer in this field since 1983, the Kulliyyah of Economics and Management Sciences (KENMS) at IIUM is now looking toward the future to reimagine how Islamic economics can contribute meaningfully to the well-being of the Ummah and humanity at large, in alignment with the principles of a Sustainable Humane Economy (SHE).
This reorientation calls for not only a reassessment of past progress and present realities but also a proactive engagement with emerging global and societal challenges. In response, KENMS, through its Centre for Islamic Economics, and with support from the Ministry of Finance (MOF) and Ministry of Higher Education (MOHE) Malaysia, has introduced a visionary framework titled Vision SHE: Sustainable Humane Economy.
Rooted in the concept of humankind as ‘Abd Allah and Khalifah fi’l- ‘Ard, Vision SHE seeks to build a value-based, socially responsible, and just economic framework that is ethical, inclusive, and future-proof.
SHE (Sustainable Humane Economy) Pillars
The SHE framework highlights five transformative areas that should guide future research and reform:
- – Inclusive and responsible production and trade
- – Equitable distribution of resources
- – Integration of the financial and real economy
- – Resilient and sustainable eco-environment
- – Transparent and accountable governance
Achieving Vision SHE requires the reformation of Islamic economic thinking, a revival of its ethical-philosophical roots, and the cultivation of a new generation of visionary scholars equipped to tackle contemporary challenges.
As part of this long-term mission, KENMS proudly introduces the Next Generation Islamic Economics and Management Sciences Scholarship (NextGenIEMS).
Objectives and Benefits of the Scholarship
The NextGenIEMS Master Scholarship aims to support Master’s students who are committed to developing the theoretical and practical aspects of Islamic perspectives in line with the SHE framework. Selected candidates will benefit from:
- – Exposure to cutting-edge Islamic economics and related heritage sciences
- – Participation in formal and non-formal learning experiences
- – Engagement with academic, industry, and community stakeholders
- – Access to IIUM’s international network of scholars and partner institutions.
Candidate Prioritisation
- – Recent graduates of economics, accounting, finance & management sciences or any equivalent degree
- – Outstanding academic achievement with minimum CGPA 3.5 (from Bachelor’s)
- – Local or international students, currently not receiving any form of financial aid or scholarship
- – Open to all IIUM students and others, who is willing to enroll for Master Mix mode Program, KENMS, upcoming intake Semester 1, 2025/2026
Scholarship Holder Commitment
Requirement | Description |
Research Focus | Scholarship recipients are required to conduct their dissertation/research related to Islamic economics, Islamic management, Islamic accounting, or Islamic finance, and must align their topics with at least one of the five SHE pillars. |
Academic Performance | Maintain a CGPA of at least 3.5 throughout the study period |
Research Publication | Publish or get acceptance in indexed journal (WoS/Scopus/ERA/MyCite) |
Timeline | Article publication within 12 months of receiving scholarship and must be co-authored with supervisor and acknowledge the scholarship exclusively |
Participation | Active role in department and CIE & PG KENMS activities |
Service | Serve as Graduate Research Assistant (GRA) |
Study Duration | Graduate within the normal duration of study (18 months) |
Note: No double-counting of indexed publication is allowed with any other funding source.
Required Documents (to be attached in the Google Form below)
- – Updated Resume
- – Identity Card/ Passport Copy
- – Transcript or Latest Result Slip
- – Scroll or Certification Letter
- – Passport Size Photo
Application and Timeline
Phase | Date Range / Notes |
Application Period | 28 July 2025 – 15 August 2025 |
Interview of shortlisted candidates | 20 August 2025 |
Announcement of Results | 25 August 2025 |
Selection Committee | Joint MoF-CIE-KENMS Committee |
Contact Us
For any inquiries or additional information:
Hamizah: 03-64213602
Email: kenmspg@iium.edu.my